2)

Compute conversion costs given the following data: direct materials, $354,100; direct labor, $193,800; factory overhead, $224,300 and selling expenses, $36,700.

a.$772,200

b.$418,100

c.$187,600

d.$578,400

3)

Product costs

a.are expensed as costs are incurred for direct labor, direct materials, and factory overhead

b.appear on both the income statement and balance sheet

c.appear only on the income statement

d.appear only on the balance sheet

4)

Selected accounts with a credit amount omitted are as follows

Work in Process
Apr. 1	Balance	7,700	Apr. 30	Goods finished	X
30	Direct materials	67,100
30	Direct labor	190,800
30	Factory overhead	57,240

Finished Goods
Apr. 1	Balance	14,900
30	Goods finished	300,000

What was the balance of Work in Process as of April 30?

a.$22,840

b.$14,900

c.$57,240

d.$300,000